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NCUA Issues Prohibition Orders

November 2015

NCUA Issues Prohibition Orders

ALEXANDRIA, Va. (Nov. 30, 2015) – The National Credit Union Administration has issued six orders in November prohibiting the following individuals from participating in the affairs of any federally insured financial institution:

Lindsey Austin, also known as Lindsey Marie Burwell, a former employee of Texas Dow Employees Credit Union in Lake Jackson, Texas, pleaded guilty to the charge of aggravated theft. Austin was sentenced to 22 years in prison.

James Timothy Charles, a former manager of Service Plus Credit Union in Moline, Illinois, pleaded guilty to the charge of conspiracy to launder money. Charles was sentenced to 30 months in prison, three years of supervised release and ordered to pay a $5,000 fine.

Robert Emerick, the former chief executive officer and institution-affiliated party of County Schools Federal Credit Union in Ventura, California, consented to the issuance of a prohibition order to avoid the time and expense of administrative litigation.

Tiffany Noel May, a former employee of Priority One Credit Union in Sunrise, Florida, pleaded no contest to the charge of grand theft. May was sentenced to 15 years of probation and ordered to pay restitution in the amount of $7,300.

Florance McKoy, a former institution-affiliated party of Shepherd’s Federal Credit Union in Charlotte, North Carolina, consented to the issuance of a prohibition order to avoid the time and expense of administrative litigation.

Cassandra Miller, a former employee of Madison County Federal Credit Union in Anderson, Indiana, pleaded guilty to the charge of theft. Miller received a suspended sentence and was ordered to pay restitution in the amount of $1,770.

Credit unions may search prohibition and administrative orders by name, institution, city, state and year at http://go.usa.gov/gFP5 The webpage also provides links to the enforcement actions of other federal banking regulators against other institutions or their affiliated parties.

NCUA enforcement orders are available online and for inspection at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Monday through Friday. You also may order copies by mail from NCUA, 1775 Duke St., Alexandria, VA 22314-3428.

Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.

NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov (opens new window), NCUA also educates the public on consumer protection and financial literacy issues.

"Protecting credit unions and the consumers who own them through effective regulation"